True .20C a gal on gas, but there is a tangible personal

Posted on: February 14, 2019 at 12:30:20 CT

property tax: "Personal property tax in Texas is imposed on income producing tangible personal property. The local county appraisal district uses the Texas personal property tax to fund county services. All income producing tangible personal property is taxable for county appraisal district purposes. Taxable personal property includes equipment and inventory. Nontangibles such as goodwill, accounts receivable, and propriatary processes are not taxable for county appraisal district purposes.

All tangible personal property that a person owns which is not held or used for the production of income, with the exception of manufactured homes, is exempt from county appraisal district taxes."

Just saying all taxes should be considered when planning retirement.

http://www.appraisaldistrictguide.com/personal-property-tax.html